Grayson
From $314,990 | 3-5 Beds | 2 Baths | 1,615 - 2,802 SqFt
Grayson
7311 Waylon Way, Indianapolis, IN, 46239
From $314,990 This is the starting price for available plans and quick move-ins within this community and is subject to change.
Monthly HOA fees: $64 HOA stands for Homeowners Association. These fees help maintain and manage shared community amenities and services.

M/I Homes
- 3-5 Beds
- 2 Baths
- 2-2.5 Car garage
- 1,615 - 2,802 Sq Ft
- 3 Quick move-ins
- 8 Floor plans
Special offers
Explore the latest promotions at Grayson. to learn more!
72-Hour Savings Event | Extended Through Sunday!
We care about your safety during this difficult weather. We want you to feel zero stress or rush right now. Because of this, we are extending our 72-hour sale through Sunday, August 23rd, so you have more time to find your next home with these spe... This offer runs through 08/23/2026.
Move-In Now | Pay Less Tomorrow With Special Financing
Increase your home-buying power and decrease your rate with 1/0 buydown, featuring first-year rates as low as 3.875% Rate* / 5.6362% APR* on a 30-Year Fixed Rate FHA* and 4.50% Rate** / 5.7584% APR** on a 30-Year Fixed Rate Conventional Loan** , o... This offer runs through 08/31/2026.
Long-Term Rate Lock
Lock in confidence for your new home. With our limited-time extended rate lock program through M/I Financial, LLC, you can enjoy added peace of mind throughout your homebuying journey. This offer runs through 08/31/2026.
Community highlights
Community amenities
Park
Playground
Trails
About Grayson
Grayson in Franklin Township offers new single-family homes on the southeast side of Indianapolis, blending suburban comfort with quick access to major city attractions. Set near local parks, dining, and everyday conveniences, the community provides an easygoing lifestyle just 20 minutes from Downtown Indy.The Essential Series features a selection of two-story floorplans with open main-level living, spacious kitchens, and plenty of natural light. A new phase of homesites includes peaceful water views, adding to the neighborhood’s inviting setting.Residents can enjoy nearby recreation such as the 99-acre Franklin Township Community Park, along with popular local restaurants and family-friendly destinations. Located within Franklin Township, Grayson offers a connected, relaxed place to call ...
Upcoming events
August
23
Hickory Run Ice Cream Social | 01:00PM-03:00PM
Join us at the Hickory Run model home for a sweet summer treat! ?? Stop by for FREE ice cream and enjoy some fun in the sun with us! ?? Bring a referral and earn $1,000!*
Location: 7311 Waylon Way Indianapolis, IN 46239
August
29
Auburn Ridge Ice Cream Social | 12:00PM-02:00PM
Join us at the Auburn Ridge model home for a sweet summer treat! ?? Stop by for FREE ice cream and enjoy some fun in the sun with us! ?? Bring a referral and earn $1,000!*
Location: 7311 Waylon Way Indianapolis, IN 46239
August
30
Sawyer Walk Ice Cream Social | 12:00PM-04:00PM
Join us at the community pool for a sweet summer treat! ?? Stop by for FREE ice cream and enjoy some fun in the sun with us! ?? Bring a referral and earn $1,000!*
Location: 7311 Waylon Way Indianapolis, IN 46239
Available homes
Filters
Floor plans (8)
Quick move-ins (4)
Community map for Grayson
Discover the homesites within Grayson and see what homes you can build on each site.
Neighborhood
Community location & sales center
7311 Waylon Way Indianapolis, IN 46239
7311 Waylon Way Indianapolis, IN 46239
888-856-5304
888-***-****
From the North: Take I-465 S / I-69 to Old U.S. 421 W in Indianapolis Take Exit 49 from I-465 S / I-69 Take Southeastern Ave, then turn right onto E Hanna Ave Grayson will be on your right
Amenities
Community & neighborhood
Local points of interest
- The Links Golf Club
- Milk and Honey Coffeehouse
- Greatimes Family Fun Park
- Smock Golf Course
- Franklin Township Community Park
- Downtown Wanamaker
- Franciscan St Francis Health
- Dakota Landing Golf Course
- Greenwood Park Mall
- Wolf Run Park
- Hanna Haunted Acres
- Wildwood Park
Health and fitness
- Trails
Community services & perks
- Playground
- Park
Schools near Grayson
Franklin Township Community School Corporation
Public High School
Franklin Central High School
Grades 9 to 12
317-862-6646
6215 S Franklin Rd, Indianapolis, IN, 46259
Class ratio
1:21
Enrollment
3319
GreatSchools ratings are provided by GreatSchools.org and are for reference only. Ratings may not be available for all schools. Please verify school assignments and details with the local school district.
Builder details
M/I Homes

M/I Homes has been building new homes of outstanding quality and superior design for more than 50 years. Founded in 1976 by Irving and Melvin Schottenstein, and guided by Irving’s drive to always “treat the customer right,” we’ve fulfilled the dreams of more than 170,000 homeowners, and grown to become one of the nation’s leading homebuilders.
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